First Business Financial Services, Inc. (FBIZ) To Go Ex-Dividend on August 12th

First Business Financial Services, Inc. (NASDAQ:FBIZ) declared a quarterly dividend on Thursday, July 30th. Investors of record on Wednesday, August 12th will be paid a dividend of 0.34 per share by the financial services provider on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 12th.

First Business Financial Services has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 13 consecutive years. First Business Financial Services has a payout ratio of 22.4% meaning its dividend is sufficiently covered by earnings. Analysts expect First Business Financial Services to earn $6.96 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 19.5%.

First Business Financial Services Price Performance

Shares of FBIZ opened at $71.12 on Monday. The company has a market cap of $595.27 million, a P/E ratio of 10.84 and a beta of 0.65. First Business Financial Services has a fifty-two week low of $46.07 and a fifty-two week high of $73.48. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.90. The firm’s 50 day moving average price is $63.69 and its 200 day moving average price is $58.83.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.56 by $0.28. First Business Financial Services had a net margin of 19.28% and a return on equity of 14.92%. The business had revenue of $46.71 million during the quarter, compared to the consensus estimate of $45.42 million. On average, research analysts forecast that First Business Financial Services will post 6.56 earnings per share for the current fiscal year.

About First Business Financial Services

First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company headquartered in Madison, Wisconsin, offering a suite of commercial banking and financial services. Through its wholly owned subsidiary, First Business Bank, the company provides relationship-driven lending, deposit and treasury management solutions to small and mid-sized businesses, nonprofit organizations and high-net-worth individuals. Its core products include commercial real estate financing, equipment leasing, SBA-guaranteed lending, and cash management services.

In addition to lending and depository services, First Business Bank delivers investment advisory and wealth management through dedicated trust and private banking teams.